A measure of the effective interest rate prevailing in the euro interbank overnight market. It is calculated as a weighted average of the interest rates on unsecured overnight lending transactions denominated in euro, as reported by a panel of contributing banks.
EURO OVERNIGHT INDEX AVERAGE
Meaning of EURO OVERNIGHT INDEX AVERAGE in English
European Central Bank English Glossary. Английский глоссарий Европейского Центрального Банка. 2012